Rupert Murdoch and Wendi Deng reach amicable divorce settlement

Although details of the settlement haven't been released, the estranged couple, who were married for 14 years, have told a New York court that they have a "mutual respect" for one another and a shared interest in their daughters' welfare.

News Corps boss Rupert, 82, met his Chinese wife in 1997 at a cocktail party in Hong Kong. They married two years later, weeks after his second divorce.

Wendi, born in China and educated at Yale, is 38 years younger than the Australian media mogul, who is estimated by Forbes to be worth £6bn ($9.4bn). She has been seen by many as a key player in his News Corps empire.

Rupert is a father of six; he has a daughter Prudence from his first marriage to Patricia Booker, and sons Lachlan, James, and daughter Elizabeth from his second to Anna Torv. Rupert and Wendi welcomed their first child, Grace, in 2001, and Chloe in 2003.